Dossier
elevated mortgage rates
Coverage of elevated mortgage rates in the Nexus archive.
- San Jose ranks second in U.S. for home sellers pulling listings, Redfin says
San Jose ranks second in the U.S. for home sellers pulling listings, with over 9% of listed homes withdrawn last month. High inflation, elevated mortgage rates, and unmet pricing goals are driving sellers to delist, reducing inventory and intensifying price pressures for buyers in the South Bay.
- Home prices surged over 10% in these 6 California counties
Home prices in six California counties surged over 10%, but the broader real estate market faces challenges due to elevated mortgage rates. Experts note buyers are cautious and sellers are reluctant to list properties, signaling a shift from previous market dynamics.